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Hotel-Motel

Sierra Hotel

2415 Mission St, San Francisco, CA 94110

Listing Price: Request For Offer

Number of Rooms
41
RevPAR
$1
Gross SF
32,791
Year Built
1907

Investment Overview

Mission Capital Advisors and Marcus & Millichap, in conjunction with RI Marketplace are pleased to offer for sale a 32,791 square foot retail and single room occupancy Property in the Mission district of San Francisco (the “Property” or “Asset”). The REO sale provides an exceptional opportunity to acquire a mixed-use asset in a gateway city with in-place retail rents and tremendous upside potential upon SRO stabilization.

Investment Highlights

  • Unique Retail / SRO Opportunity: The mixed-use SRO and retail Asset provides prospective investors the opportunity to capitalize on the growing trend toward cost-effective alternative housing markets.
  • Exceptional Location: located in the heart of the Mission District of San Francisco. The corner location has excellent foot traffic and high visibility, which is ideal for both SRO and retail leasing.
  • Fully Stabilized Retail Component: The retail space is fully occupied by 5 unique tenants. Approximately 65% of the ground floor retail space has over 4.5 years remaining on its lease.
  • Value Add Opportunity: Only 33% of the 42 SRO units are occupied as of May 2022. There is significant upside potential upon stabilization.
  • Potential for Future Development: The large undeveloped basement space is ideal for future expansion, which could add over 10,000 square feet of retail space.

Exclusively Listed By

Hotel-Motel

Sierra Hotel

Listing Price: Request For Offer

Number of Rooms
41
RevPAR
$1
Gross SF
32,791
Year Built
1907

Investment Highlights

  • Unique Retail / SRO Opportunity: The mixed-use SRO and retail Asset provides prospective investors the opportunity to capitalize on the growing trend toward cost-effective alternative housing markets.
  • Exceptional Location: located in the heart of the Mission District of San Francisco. The corner location has excellent foot traffic and high visibility, which is ideal for both SRO and retail leasing.
  • Fully Stabilized Retail Component: The retail space is fully occupied by 5 unique tenants. Approximately 65% of the ground floor retail space has over 4.5 years remaining on its lease.
  • Value Add Opportunity: Only 33% of the 42 SRO units are occupied as of May 2022. There is significant upside potential upon stabilization.
  • Potential for Future Development: The large undeveloped basement space is ideal for future expansion, which could add over 10,000 square feet of retail space.

Investment Overview

Mission Capital Advisors and Marcus & Millichap, in conjunction with RI Marketplace are pleased to offer for sale a 32,791 square foot retail and single room occupancy Property in the Mission district of San Francisco (the “Property” or “Asset”). The REO sale provides an exceptional opportunity to acquire a mixed-use asset in a gateway city with in-place retail rents and tremendous upside potential upon SRO stabilization.

Exclusively Listed By

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